Investments in low-income housing are helping Google offset taxes on the company's profits.

The move works like this: Google invests in a low-income housing project and receives a tax credit on its investment. That tax credit is of greater value than the actual investment. So if Google invests $1 million in such projects, they actually make back more than $1 million in tax credits.Google's investment in the low-income housing market is worth at least $86 million. The company also invested $25 million in a separate deal earlier this year, according to Bloomberg.This isn't a short term investment for Google, as the tax credits make take some 10 years to sort out. But it may be worth it for yields that could be around 10%.Editor's Note: Marinwood Village and the huge amount of the low income housing in Marin will be driven by the LIHTC scheme to provide corporate investors and Wall Street financial firms to make huge returns on investment backed by the government. The COST of these investments is shouldered by the host community like Marinwood-Lucas Valley who must pay for all of the infrastructure improvements, government services, schools, police and fire while receiving almost NO TAXES. It is a scheme worthy of late night "No Money Down" real estate gurus. Investors get guaranteed profits while we pay the bill.

About SaveMarinwood.org

Our community is what we make it. Marinwood-Lucas Valley is on the eve of a fateful decision by the Marin County Board of Supervisors to designate our community with 71% of all affordable housing in unincorporated Marin. If built to plan it will swell our community by 25% and add 600-1000 school children to the Dixie School District. Since affordable housing developments pay virtually no taxes, the community will have to pay for the $6 million to $10 million annually estimated to educate these children. Our total budget for the Marinwood CSD is $4.2 million dollars. Clearly it will have a severe impact on our community.

We support a fair allocation of affordable housing in our community that is sensitive to land use, is fiscally responsible, healthy for the families and integrates diversity within our community.

Unfortunately, planners, politicians and political insiders made their plans without us.